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首页> 外文期刊>Review of Income and Wealth >PRODUCTIVITY GROWTH IN SERVICE INDUSTRIES: ARE THE TRANSATLANTIC DIFFERENCES MEASUREMENT-DRIVEN?
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PRODUCTIVITY GROWTH IN SERVICE INDUSTRIES: ARE THE TRANSATLANTIC DIFFERENCES MEASUREMENT-DRIVEN?

机译:服务行业的生产率增长:跨大西洋的差异是由测量驱动的吗?

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摘要

Since the mid-nineties, U.S. labor productivity outgrows its European counterpart by a wide margin, van Ark el al. (2003) have found three service industries where productivity growth has accelerated in the U.S., but not in Europe, to account for most of the difference. These three industries are wholesale and retail trade, and trade in financial securities. However, since measurement methods differ on both sides of the Atlantic, Europe's shortfall in productivity growth could be a statistical artifact. This paper tries to answer the question whether this is indeed the case by quantifying the extent to which the U.S. growth rates in trade and banking are pulled upward by measurement methods that are unusual in Europe. In addition, some observations are offered on whether the recent upswing in productivity growth in the U.S. services sector has cured "Baumol's Cost Disease."
机译:从九十年代中期开始,美国的劳动生产率就大大超过了欧洲的劳动生产率,范阿克·埃尔等。 (2003年)发现了三个服务业,其中美国的生产率增长有所加快,而欧洲却没有,这是造成这种差距的主要原因。这三个行业是批发和零售贸易以及金融证券贸易。但是,由于大西洋两岸的测量方法不同,因此欧洲生产力增长的不足可能是统计问题。本文试图通过量化欧洲贸易中不常见的衡量方法将美国的贸易和银行业增长率拉高到何种程度来回答这个问题是否确实存在。此外,对于最近美国服务业生产率增长的上升是否已经治愈了“鲍莫尔成本病”,我们提供了一些观察。

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